Scotiabank Reiterates a Hold Rating on AGF Management B NV (AGF.B)

By Jason Carr

AGF Management B NV (TSX: AGF.B), the Financial sector company, has received a rating update from a Wall Street analyst today. Scotiabank’s analyst Phil Hardie reiterates their Hold rating on the shares, with a C$6.75 price target.

According to TipRanks.com, Hardie is ranked #1486 out of 4886 analysts.

Currently, the analyst consensus on AGF Management B NV is a Moderate Buy with an average price target of C$7.25.

AGF Management B NV’s market cap is currently C$436.3M and has a P/E ratio of 5.8. The company has a Price to Book ratio of 0.45.

AGF Management Ltd. is a diversified global asset management firm, which engages in the retail, institutional, and alternative businesses. The firm provides investment management with operations and investments in North America, Europe, and Asia. Its products include a diversified mutual funds, mutual fund wrap programs, and pooled funds.

The company’s shares closed on Wednesday at C$5.46, close to its 52-week low of C$5.37.